3-bed · 2,961 sqftPalazzo Versace, Culture Village · 7th floor · completed 2015

2718, Palazzo Versace

Sold prices and rental history: sold once, by the developer in June 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2718 · DLD and Ejari recordsUpdated 3 January 2025
Last soldAED 9.9M9 June 2014
Current rentAED 384K /yr3 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2718, Palazzo Versace

What is 2718 worth today?

Last sold for AED 9,897,600 in 2014

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3 Jan 2025RentedRenewal
AED 384,300/yr12 months · AED 130 per sqft
3 Jan 2025RentedRenewal
AED 384,300/yr12 months · AED 130 per sqft
3 Jan 2024RentedRenewal
AED 366,000/yr12 months · AED 124 per sqft
3 Jan 2023RentedRenewal
AED 305,000/yr12 months · AED 103 per sqft
3 Jan 2022RentedRenewal
AED 253,000/yr12 months · AED 85 per sqft
3 Jan 2021RentedRenewal
AED 230,000/yr12 months · AED 78 per sqft
3 Jan 2020RentedRenewal
AED 275,000/yr12 months · AED 93 per sqft
3 Jan 2019RentedRenewal
AED 285,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 3 January 2025.

Key facts

Type
3-bed apartment
Size
2,961 sqft
Floor
7th of 8
Parking
B1M-E021, B1M-E022
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 9.9M · June 2014

About 2718, Palazzo Versace

2718 is a three-bedroom apartment of 2,961 sqft on the 7th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 9 June 2014 for AED 9,897,600, or AED 3,342 per sqft, 5% above the AED 3,175 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 3 January 2025, is AED 384,300 a year: a gross yield of 3.9% on the 2014 price.

Sales and rents for 2718 over time

Sales
Unit 2718, each saleTypical three-bed in Palazzo Versace
5M10M2009201420192024Typical sale price by year: 2009 AED 12,841,100; 2012 AED 6,879,300; 2013 AED 8,041,188; 2014 AED 9,897,600; 2015 AED 12,400,000; 2016 AED 9,920,550; 2018 AED 4,706,000; 2019 AED 3,543,958; 2021 AED 5,000,000; 2022 AED 4,675,567; 2024 AED 5,197,500; 2025 AED 5,500,000; 2026 AED 7,400,000Sold by developer, June 2014: AED 9,897,600 (AED 3,342 per sqft)

2718 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2718, each contractTypical three-bed in Palazzo Versace
200K400K2016201920222025Typical rent by year: 2016 AED 315,000; 2017 AED 335,000; 2018 AED 310,000; 2019 AED 257,500; 2020 AED 235,000; 2021 AED 238,457; 2022 AED 350,000; 2023 AED 397,500; 2024 AED 435,000; 2025 AED 405,000; 2026 AED 422,500New contract, February 2016: AED 500,000 a yearNew contract, January 2018: AED 285,000 a yearRenewal, January 2019: AED 285,000 a yearRenewal, January 2020: AED 275,000 a yearRenewal, January 2021: AED 230,000 a yearRenewal, January 2022: AED 253,000 a yearRenewal, January 2023: AED 305,000 a yearRenewal, January 2024: AED 366,000 a yearRenewal, January 2025: AED 384,300 a yearRenewal, January 2025: AED 384,300 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Palazzo Versace, and where 2718 sits

All 65 3-beds →

2718 last sold in June 2014 at AED 3,342 per sqft, 5% above what three-beds in Palazzo Versace were fetching at the time (AED 3,175). Over the last 12 months three-beds sold for AED 3,574,440 to 10,400,000, around AED 2,051 per sqft, and rent for AED 300,000 to 800,000 a year. 2718's AED 384,300 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Oct 202610,400,000
6 Jul 20264,250,000
12 Feb 20265,800,000
11 Feb 20269,000,000
5 3-bed sales in the last 12 months

Palazzo Versace

Building

166 apartments, 1-bed to 6-bed over 8 floors in Culture Village, completed in 2015 by Emirates PV Dubai. 15 sold in the last 12 months.

Typical price per sqft
AED 2,051 Down 0.3%
Typical sale
AED 3.9M
Typical rent
AED 267K /yr
Typical yield
6.0%
Palazzo Versace, Culture Village: prices, sales and rents →

Other units on the 7th floor

All 166 units in Palazzo Versace
Value
17013-bedAED 3.4M · Jan 2022
17024-bedNo registered sale
17033-bedAED 12.84M · Jun 2016
17045-bedAED 21.3M · Dec 2023
17052-bedAED 11.79M · Jun 2016
17064-bedAED 9.2M · Mar 2023
17073-bedAED 9M · Feb 2026
1–7 of 19

2718, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 9 June 2014 for AED 9,897,600, or AED 3,342 per sqft.
  • Rented since February 2016 on 10 Ejari contracts. The rent fell from AED 500,000 to AED 230,000 in 2021 and recovered to AED 384,300 by January 2025.
  • At AED 384,300 a year the gross yield on the 2014 price is 3.9%.
  • Three-beds in Palazzo Versace sold for AED 3,574,440–10,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,051 per sqft.

Source: Dubai Land Department. Updated 3 January 2025.

Questions about 2718, Palazzo Versace

What did unit 2718 last sell for?

AED 9,897,600 on 9 June 2014, sold by the developer: AED 3,342 per sqft for 2,961 sqft. It is the only registered sale of the unit.

What is the rent for unit 2718?

AED 384,300 a year on the contract renewed on 3 January 2025. The previous contract, from January 2025, was AED 384,300; the unit has been rented since February 2016.

How big is unit 2718?

2,961 sqft (275.1 sqm): a three-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.

What is unit 2718 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palazzo Versace sold for AED 3,574,440 to 10,400,000 in the last 12 months, around AED 2,051 per sqft.

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Mortgage on 2718, Palazzo Versace

Starts from the last sale price (AED 9.9M, 9 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 9,897,600
Deposit, UAE resident (20%)
AED 1,979,520
Deposit, non-resident (40%)
AED 3,959,040
Monthly over 25 years at 3.7%
AED 40,494

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →